Casino Stocks to Buy: Las Vegas Sands (LVS)
Anyone that knows anything about casino stocks to buy will instantly recognize Las Vegas Sands Corp. (NYSE:LVS). Indeed, it would be embarrassing not to. LVS owns many of the world’s premiere brands across gambling meccas Macau, Singapore and Las Vegas. These include The Venetian, Marina Bay Sands and The Palazzo. Undoubtedly, it must have felt like an early Christmas when Japan casinos were finally green lighted.
To say that LVS was one of the casino stocks pushing hard for legalization would be a gross understatement. Almost three years ago, LVS chairman and chief executive officer Sheldon Adelson stated bluntly: “We will spend whatever it takes.” As if there were any ambiguity as to his bullishness, Adelson specified that “We could pay all cash. We don’t have to, but we will borrow money in a typical mortgage-to-value ratio.”
After years of fretting and worrying about whether Japan casinos would actually become a reality, the government did exactly what LVS and other casino stocks wanted. If that doesn’t make Las Vegas Sands a prime candidate among stocks to buy, I don’t know what is. While actual construction on Japan casinos is further down the line, the biggest roadblock has been eliminated.
I think the best idea here is to not overthink it. LVS stock is one of the top casino stocks and it will benefit greatly from a country in transition.